Quote:
Originally Posted by smudgie
I wish they would stop dressing it up as a leak..it's an illegal hack.
Anyone in a personal pension scheme or paying into insurance may likely have had money invested offshore, it's normal procedure.
The Queen pays her taxes, and invests some of her private money in offshore investments.
I would be more concerned about people who get their wages paid into one of these tax havens and then gives themselves loans that never get paid back.
Time to shut a few loopholes then stop harking on about who has what and how they choose to spend it.
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The pension fund isn't itself taxable. The pension company pays tax only on its own profit, and the recipient of the pension may pay tax when the pension is drawn.
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